Arthur Hayes: The Federal Reserve launches a new round of quantitative easing, bitcoin may return to $124,000

BlockBeats News, December 20, Arthur Hayes stated in his latest article "Love Language" published today that the RMP (Reserve Management Purchase) launched by the Federal Reserve is essentially a new version of quantitative easing (QE), which means liquidity will be released again and the long-term risk of fiat currency depreciation will rise, and the crypto market, especially bitcoin, will benefit significantly.

He expects that in the short term, BTC may fluctuate in the $80,000–$100,000 range; once the market realizes that "RMP = QE," bitcoin may return to $124,000 and quickly surge to $200,000; he predicts that around March next year, there may be a temporary emotional peak, followed by a pullback, but the overall bottom is still likely to remain above $124,000.

It is worth noting that although Arthur Hayes continues to be bullish on the crypto market, he transferred 508.647 ETH (worth $1.5 million) to Galaxy Digital during yesterday's rebound, possibly for selling purposes.